CITIC Securities: Gold Prices Expected to Return to Upward Channel Within the Year
CITIC Securities expects gold prices to return to an upward channel within the year, viewing the current pullback as a temporary correction in a bull market.
CITIC Securities expects gold prices to return to an upward channel within the year, viewing the current pullback as a temporary correction in a bull market.
Canada recorded a trade surplus for the fourth consecutive month, with gold exports as a major driver.
The Local Government Association of the Northern Territory is seeking legislative changes to raise local rates on mine areas; the Minerals Council of Australia opposes it.
Citi says under its base-case scenario, gold prices will remain rangebound or even decline over the next month.
African Rainbow Minerals has approved the Bokoni project, with platinum output expected to double.
Finland's Laiva gold mine processing plant plans to restart, targeting September startup.
White River Gold Mine has received provincial approval and will restart underground development this month.
South Africa's Department of Mineral Resources and Energy expressed concerns over miner safety; safety issues are prominent in the platinum industry and the department has formally engaged with Impala.